- Analytics
- News and Tools
- Market News
- U.S. private employers add 102,000 jobs in June - ADP
U.S. private employers add 102,000 jobs in June - ADP
The employment
report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics
showed on Wednesday the U.S. private employers added 102,000 jobs in June.
Economists had
expected a gain of 140,000.
The increase
for May was revised up to 41,000 from the originally reported 27,000.
“Job growth
started to show signs of a slowdown,” said Ahu Yildirmaz, vice president and
co-head of the ADP Research Institute. “While large businesses continue to do
well, small businesses are struggling as they compete with the ongoing tight
labor market. The goods-producing sector continues to show weakness. Among
services, leisure and hospitality’s weakness could be a reflection of consumer confidence.”
Meanwhile, Mark
Zandi, chief economist of Moody’s Analytics, said, “The job market continues to
throttle back. Job growth has slowed sharply in recent months, as businesses
have turned more cautious in their hiring. Small businesses are the most
nervous, especially in the construction sector and at bricks-and-mortar retailers.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
